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Thursday, March 14, 2013

From the Heart of Europe | 14.03.2013, 15:00 UTC

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Business
Eurozone crisis
Greece reforms show progress, but at the cost of jobs
International lenders visiting Greece have said the southern European nation has made progress in reforms it needs to implement to secure more loans. But some issues were reported to be outstanding.
Auto Industry
Volkswagen to strengthen overseas offensive
German car maker Volkswagen has said it is expecting a difficult business environment this year which will result in stagnating operating profit. But the company said sales and revenues would most likely rise.
Aviation
Lufthansa embarks on path to increase operating profit
Germany's biggest airline, Lufthansa, has announced it's aiming to steadily increase its operating profit this year and beyond. The carrier has been struggling with fierce competition from low-budget airlines.
Budget
German Cabinet approves drastic reduction in new debt
The German government has thrown its weight behind an ambitious three-year draft budget. The country aims to do without any fresh borrowing in 2015 for the first time in decades.
World
Eurozone crisis
Trying to find the right policy for the crisis
Recession, unemployment, the rise of extremist parties - the ongoing crisis is a big strain on Europe. Thursday's EU summit is a search for solutions, but the huge differences will be hard to bridge.
Balkans
Can Bulgaria restore trust in politics?
Mass protests of Bulgarians forced the last government to resign. A new caretaker government now has to prepare early parliamentary elections on May 12. But many Bulgarians have lost faith in politics altogether.
News
Politics
Slovenia forms four-party coalition
Slovenia's prime minister designate has announced a government. The coalition brings two left-leaning parties together with a pair from the outgoing center-right coalition.
Religion
New pope chosen to lead Catholic Church
White smoke has been seen emerging from the Sistine Chapel chimney in Rome. The traditional signal that a new pope has been chosen officially marks the end of the election process for the Church's 266th leader.
Travel
EU grants more rights to airline passengers
The European Union has proposed new legislation that would boost airline passenger rights. The measure would compel airlines to provide information and benefits when flights are delayed.
European Union
EU Parliament wants fresh negotiations on bloc budget
The European Parliament has dismissed a 2014-20 EU budget. The assembly demanded a new round of negotiations for a financial plan to see out the rest of the decade.

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